Quote from @Lawrence Mitchell: I've read a few books on real estate and something the majority of them had in common was the BP community so I would like to see what it has to offerHey @Lawrence Mitchell, welcome to the BP Forum!

There are no restrictions on how much you can charge, making it a potentially lucrative opportunity for homeowners in areas with high demand, such as vacation spots or locations near major events.However, to truly take advantage of this rule, property owners need to ensure they follow all IRS guidelines.

This is not the case for the majority of metro areas across the US.In less hyperbolic markets there wasn’t an intense amount of speculation so operators didn’t pay high and are weathering the storm on interest rate resets and are finding a way to refinance Deals with maturity walls.I am finding that a lot of killer deals with my clients are happening in the sub 50 unit deal space for those who need to sell, because there’s much less competition in a chase for yield.  

As wholesalers, we’re trained to look for distress—motivated sellers in tough situations, properties needing major repairs, or financial struggles forcing a quick sale.

However, I've NEVER had a note called on any properties and the vast majority were "subject too" and/or owner financing.

Boston is expensive just as any other major city so you might have to pivot outside of it. 

They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

Quote from @Scott Bloom: You can get a commercial grade policy from major carriers where they lump the risk across multiple properties into one policy, reducing your premiums.  

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Everyone is telling me that the majority of the time they dont take the LTO to term.